Parametric Portfolio Associates LLC lifted its stake in shares of KLA-Tencor Corp (NASDAQ:KLAC) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 344,331 shares of the semiconductor company’s stock after purchasing an additional 22,561 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.22% of KLA-Tencor worth $36,499,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. raised its position in KLA-Tencor by 300.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,000 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 750 shares in the last quarter. Sun Life Financial INC raised its position in KLA-Tencor by 14,300.0% in the second quarter. Sun Life Financial INC now owns 1,152 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 1,144 shares in the last quarter. Bristlecone Advisors LLC bought a new stake in KLA-Tencor in the third quarter worth about $148,000. Edge Advisors LLC raised its position in KLA-Tencor by 77.8% in the third quarter. Edge Advisors LLC now owns 1,993 shares of the semiconductor company’s stock worth $211,000 after acquiring an additional 872 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in KLA-Tencor in the third quarter worth about $212,000. Institutional investors and hedge funds own 90.60% of the company’s stock.
In related news, EVP Teri A. Little sold 1,678 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $109.44, for a total value of $183,640.32. Following the completion of the sale, the executive vice president now owns 8,452 shares of the company’s stock, valued at approximately $924,986.88. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ahmad A. Khan sold 3,652 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $102.20, for a total value of $373,234.40. The disclosure for this sale can be found here. In the last three months, insiders sold 30,664 shares of company stock valued at $3,191,064. 0.20% of the stock is currently owned by company insiders.
KLA-Tencor Corp (KLAC) traded up $1.05 during trading hours on Friday, reaching $107.29. The company’s stock had a trading volume of 990,645 shares, compared to its average volume of 1,510,000. The company has a current ratio of 3.11, a quick ratio of 2.59 and a debt-to-equity ratio of 1.72. KLA-Tencor Corp has a 52 week low of $79.20 and a 52 week high of $114.43. The stock has a market cap of $16,830.00, a PE ratio of 16.46 and a beta of 1.63.
KLA-Tencor (NASDAQ:KLAC) last released its earnings results on Thursday, October 26th. The semiconductor company reported $1.80 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.17. The company had revenue of $970.00 million for the quarter, compared to analysts’ expectations of $946.86 million. KLA-Tencor had a return on equity of 84.61% and a net margin of 27.82%. The business’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.16 EPS. sell-side analysts forecast that KLA-Tencor Corp will post 7.31 EPS for the current year.
Several equities research analysts have commented on KLAC shares. B. Riley reiterated a “buy” rating and issued a $129.00 price target (up from $120.00) on shares of KLA-Tencor in a research report on Friday, October 27th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $136.00 price target on shares of KLA-Tencor in a research report on Friday, October 27th. Stifel Nicolaus lifted their price target on KLA-Tencor from $106.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of KLA-Tencor in a research note on Thursday, October 19th. Finally, Argus started coverage on KLA-Tencor in a research note on Wednesday, November 29th. They issued a “buy” rating and a $125.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $110.95.
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KLA-Tencor Company Profile
KLA-Tencor Corporation (KLA-Tencor) is a supplier of process control and yield management solutions for the semiconductor and related nanoelectronics industries. The Company’s products are also used in a number of other high technology industries, including the light emitting diode (LED) and data storage industries, as well as general materials research.
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